The USD/JPY pair has been rising since the start of the American trading session in the currency market, driven by the increase in US Treasury yields. This is due to the positive relationship between the pair and the yields on these government bonds, highlighting the weakness of the Japanese yen.US …
Read More »U.S. Stock Futures Decline Amid Trade Tariff Uncertainty
U.S. stock index futures dropped on Monday as investor concerns grew over the potential economic imp…
Oil Prices Rise Amid U.S. Strikes on Houthis and Strong Chinese Data
Oil prices traded higher on Monday as the U.S. vowed continued strikes on Yemen’s Houthis, while Chi…
European Stocks Gain Amid German Debt Deal, U.S.-EU Trade War Looms
European stock markets edged higher on Monday, supported by optimism over a historic German debt dea…
Gold Prices Dip After Record Surge, Market Eyes Tariffs & Economic Risks
Gold prices edged lower in Asian trade on Monday, following a record-breaking rally, as investors ba…
Bitcoin Drops as Traders Brace for Federal Reserve Decision
Bitcoin (BTC) fell on Monday, extending its weekly decline as investors remained cautious ahead of t…
Mark Carney Takes the Helm: Canada’s New PM Faces Trump and Global Trade Challenges
Newly-appointed Canadian Prime Minister Mark Carney officially assumed office on Friday morning, suc…
Oil Gains Amidst Geopolitical Tempest and Shifting Demand Forecasts
Despite a week dominated by fluctuating geopolitical tensions and evolving economic forecasts, oil p…
Fresh Deadline Drama: Senate Poised to Avert Shutdown
Funding Bill on the Brink of PassageThe Senate is set for a pivotal test vote this afternoon on the …
PPI Shadowed: GBP/USD Wobbles Amid GDP Shock and Surging US Inflation Fears
The Pound Sterling (GBP) faced renewed pressure against the US Dollar (USD) this week, with GBP/USD …
Changpeng Zhao Denies Ties of Trump Family Ties and Binance Amid Controversy
Changpeng Zhao (CZ), the founder and former CEO of Binance, the globe’s largest cryptocurrency…
Market Analysis
September, 2024
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30 September 2024 10:21 pm
Jerome Powell’s Comments Praise Fed’s Cautious Approach
Fed Chair Jerome Powell reiterated that inflation has been broadly defeated and that recent data indicate further progress toward a sustained return to 2% core goods prices have fallen a half percent over the past year, close to their pre-pandemic pace, as supply bottlenecks have eased outside of housing services. …
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30 September 2024 9:53 pm
Gold resorts to correction amid Chinese focus on equi
The recent surge in gold prices, culminating in a record high of $2,685 last week, is now encountering headwinds. A combination of factors, including a rally in Chinese equities and a more optimistic outlook for the Chinese property market, has diverted investor attention away from the precious metal despite its …
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30 September 2024 8:54 pm
Wall Street Edges Lower Ahead of Powell’s Comments
Wall Street’s main indexes were flat to lower in choppy trading on Monday as investors paused after the previous week’s rally and exercised caution ahead of numerous job reports and comments through the week from Federal Reserve policymakers, including Chair Jerome Powell. Monday’s US market indices were neutral as traders …
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30 September 2024 7:49 pm
Bitcoin Ends Volatile September with a Mixed Bag of Gains and Losses
Bitcoin experienced a significant price dip in September, falling to near $63,000. This decline was attributed to technical overbuying conditions and a broader market correction. Despite this temporary setback, the cryptocurrency remains on track for its strongest September in several years, with gains of over 7% for the month. On …
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30 September 2024 6:54 pm
GBP/USD Steadies Ahead of Powell’s Speech
The Pound Sterling (GBP) struggled to surpass the 1.3400 mark against the US Dollar (USD) as investors anxiously awaited the Federal Reserve’s (Fed) interest rate guidance. Despite recent signs of easing inflation, the Fed’s fight against rising prices continues. While the overall inflation rate decreased, the core inflation measure, which …
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30 September 2024 4:39 pm
German Inflation Eases in September, Supporting ECB Case for Potential Rate Cut
Preliminary data showed that inflation eased across key German states in September, indicating a possible decline in inflation rates across Germany as a whole, the largest economy in Europe. This development strengthens the argument of the European Central Bank (ECB) policymakers who are advocating for another rate cut. Key State …
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30 September 2024 1:17 pm
U.S. Dollar Steadies as Markets Await Fed Chair Powell’s Speech and Key Employment Data
The U.S. dollar remained steady on Monday as traders awaited a speech from Federal Reserve Chair Jerome Powell later in the day and anticipated Friday’s crucial employment report. As of 04:25 ET (08:25 GMT), the Dollar Index, which measures the dollar against a basket of six other major currencies, traded …
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30 September 2024 11:46 am
European Shares Dip Amid Economic Data Focus and Auto Sector Weakness
European stocks opened lower on Monday as investors braced for a week filled with key economic data releases from the region, while awaiting remarks from European Central Bank (ECB) President Christine Lagarde. By 07:10 GMT, the pan-European STOXX 600 index had slipped 0.1% to 527.47 points. Despite this slight dip, …
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30 September 2024 10:44 am
Oil Prices Rise Amid Middle East Tensions and Supply Concerns
Oil prices rose on Monday, fueled by escalating worries over potential supply disruptions from Middle East producers after Israel intensified its attacks on Iranian-backed forces in the region. As of 03:30 GMT, Brent crude futures for November delivery climbed by 51 cents, or 0.71%, to $72.49 a barrel. The more …
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29 September 2024 11:52 pm
Financial Markets Weekly Recap: US Data supports Fed’s inclination to more aggressive rate cut
Last week, risk assets and gold emerged as the clear winners over the dollar in the financial markets race. This was fueled by recent economic data releases from the United States, which reinforced the perception of price stability and strengthened the likelihood of continued interest rate cuts by the Federal …
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27 September 2024 11:31 pm
Dollar Under Pressure as Inflation Data Shows Cooling Trend
The US Dollar (USD) faced downward pressure following the release of August’s Personal Consumption Expenditure (PCE) data, a preferred inflation indicator for the Federal Reserve. The headline PCE inflation rate came in below expectations, suggesting a potential cooling in price pressures.The softer-than-anticipated inflation data has led to a reevaluation of …
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27 September 2024 10:32 pm
US Stocks Extend Rally Amid Cooling Inflation
US equities continued their upward trajectory for a third consecutive week, buoyed by reassuring economic data that suggests a potential soft landing for the economy. Despite a minor pullback on Friday, investors remained optimistic as inflation indicators and consumer sentiment data painted a favorable picture. The S&P 500 index displayed …
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